Worthington Enterprises Names Joseph Hayek Chief Executive Officer; Effective Nov. 1
08 Ottobre 2024 - 10:20PM
The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors
today announced Joseph Hayek as the Company’s next president and
chief executive officer (CEO) effective Nov. 1, 2024. Hayek, who
currently is the Company’s executive vice president, chief
financial and operations officer, will replace Andy Rose who is
retiring.
Worthington Enterprises Board of Directors
Chairman John Blystone, said, “Joe is a proven leader with a deep
understanding of the business, Worthington’s culture and a
demonstrated ability to capitalize on the opportunities ahead. We
expect a seamless and effective transition as Joe has earned the
respect of the Board, our employees and the investment community,
and we look forward to continuing to support him and his leadership
team as they drive long-term shareholder value.”
Blystone continued, “On behalf of the Board, I
would like to thank Andy for his contributions to Worthington over
his 16 years with the Company and four years as CEO. I would
particularly like to recognize the role he played successfully
leading the team that separated Worthington Industries into two
independent public companies, unlocking over $1 billion in
shareholder value, as well as managing the business to record
profits through the COVID era.”
Joe Hayek said, “I am humbled and honored to have
the opportunity to lead Worthington Enterprises as CEO. After 10
years at Worthington, I have a deep appreciation for and belief in
the power of our people-first Philosophy of treating our customers,
employees, investors and suppliers as we would like to be treated.
As a market-leading consumer and building products company,
Worthington Enterprises is well-positioned for growth, and together
with our talented people, I am committed to leveraging our
performance-based culture and the Worthington Business System of
transformation, innovation and M&A to deliver solid returns for
our shareholders.”
Hayek, 52, has served as the Company’s executive
vice president and chief financial and operations officer since
December 2023 when Worthington Industries successfully completed
the strategic initiative known as “Worthington 2024,” which
resulted in the separation of the Steel Processing business
creating two standalone, public companies. He previously served as
Worthington Industries vice president and chief financial officer
from November 2018 to November 2023 where he played an integral
role in Worthington 2024 helping position both companies to
capitalize on differentiated growth and value creation strategies.
Hayek was vice president and general manager of the Company’s oil
and gas equipment business unit from March 2017 to November 2018,
and vice president of mergers & acquisitions and corporate
development from April 2014 to March 2017. Prior to joining
Worthington, Hayek served as president of Sarcom, Inc., a
value-added IT solutions provider and the largest division of PCM,
Inc.
Colin Souza, 36, will become vice president and
chief financial officer of Worthington Enterprises effective Nov.
1, 2024. He is currently vice president of finance for the Company
overseeing financial planning and analysis, corporate development,
M&A and corporate strategy and innovation. In 2023, Souza led
the project management office for Worthington 2024. Souza joined
the Company in 2011 and has held numerous finance and strategy
roles throughout his tenure. He earned his bachelor’s degree in
finance and economics and master’s degree in business
administration from The Ohio State University and holds a Chartered
Financial Analyst (CFA) designation.
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer
of market-leading brands that help enable people to live safer,
healthier and more expressive lives. The Company operates with two
primary business segments—Building Products and Consumer Products.
The Building Products segment includes cooking, heating, cooling
and water solutions, architectural and acoustical grid ceilings and
metal framing and accessories. The Consumer Products segment
provides solutions for the tools, outdoor living and celebrations
categories. Product brands within the Worthington Enterprises
portfolio include Balloon Time®, Bernzomatic®, Coleman® (propane
cylinders), CoMet®, Garden-Weasel®, General®, HALO™, Hawkeye™,
Level5 Tools®, Mag Torch®, NEXI™, Pactool International®,
PowerCore™, Well-X-Trol® and XLite™, among others. The Company also
serves the growing global hydrogen ecosystem via a joint venture
focused on on-board fueling systems and gas containment solutions.
Headquartered in Columbus, Ohio, Worthington Enterprises and its
joint ventures employ approximately 6,000 people throughout North
America and Europe.
Founded in 1955 as Worthington Industries,
Worthington Enterprises follows a people-first Philosophy with
earning money for its shareholders as its first corporate goal.
Worthington Enterprises achieves this outcome by empowering its
employees to innovate, thrive and grow with leading brands in
attractive markets that improve everyday life. The Company engages
deeply with local communities where it has operations through
volunteer efforts and The Worthington Companies Foundation,
participates actively in workforce development programs and reports
annually on its corporate citizenship and sustainability efforts.
For more information, visit worthingtonenterprises.com.
Forward-Looking Statements
Statements by Worthington Enterprises that are not limited to
historical information constitute “forward-looking statements”
under federal securities laws. Forward-looking statements are
subject to various risks, uncertainties and other factors that may
cause actual results to differ materially from those expected by
Worthington Enterprises. Readers should evaluate forward-looking
statements in the context of such risks, uncertainties and other
factors, many of which are described in Worthington Enterprises’
filings with the Securities and Exchange Commission (“SEC”).
Forward-looking statements are qualified by the cautionary
statements included in Worthington Enterprises’ SEC filings and
other public communications. This press release speaks only as of
the date hereof. Worthington Enterprises does not undertake any
obligation to update or revise its forward-looking statements
except as required by applicable law or regulation.
Sonya L. HigginbothamSenior
Vice PresidentChief of Corporate Affairs, Communications and
Sustainability614.438.7391sonya.higginbotham@wthg.com
Marcus A. RogierTreasurer and
Investor Relations Officer614.840.4663marcus.rogier@wthg.com
200 West
Old Wilson Bridge Rd.Columbus, Ohio 43085WorthingtonEnterprises.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed9c1590-c5eb-4791-a235-12b3aa7b9b51
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